Wednesday, 25 March 2020

Cuomo rips Senate's coronavirus stimulus bill as just 'a drop in the bucket'

Cuomo rips Senate's coronavirus stimulus bill as just 'a drop in the bucket'New York Gov. Andrew Cuomo (D) is no fan of the Senate's coronavirus relief bill.Cuomo in his daily press briefing on Wednesday ripped the new $2 trillion economic stimulus package from the Senate responding to the COVID-19 coronavirus pandemic, saying it would be "terrible for the state of New York" because the $3.8 billion it offers the state government is far too little. He also said the $1.3 billion New York City would get in the bill, which Senate Minority Leader Chuck Schumer (D-N.Y.) negotiated, is insufficient. "That is a drop in the bucket as to need," Cuomo said, explaining New York is facing a revenue shortfall of up to $15 billion while swiping the coronavirus package as offering "quote-unquote relief." New York has reported by far the highest number of coronavirus cases in the United States with more than 30,000 as of Wednesday. The governor has taken his concerns about the stimulus package to the House of Representatives, he explained."We need the House to make adjustments," Cuomo said. "...I'm telling you, these numbers don't work, and I told the House members that we really need their help." Later in the press conference, Cuomo again called the bill "troublesome" and reiterated, "We need more federal help than this bill gives us. The House bill would have given us $17 billion. The Senate bill gives us $3 billion. I mean, that's a dramatic, dramatic difference." > Cuomo says the Senate's $2 trillion coronavirus relief bill would be "terrible" for New York, with only $3.8 billion for the state and $1.3 billion for New York City. "$3.8 billion sounds like a lot of money....that is a drop in the bucket, as to need."> > -- CBS News (@CBSNews) March 25, 2020More stories from Elton John to host 'Living Room Concert for America' with stars performing from home Why a GOP argument about unemployment insurance probably doesn't make much sense A G-7 joint statement on coronavirus failed because the U.S. insisted on calling it the 'Wuhan virus'

from Yahoo News - Latest News & Headlines

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